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CNBC
Apr 23, 2013 4:00pm EDT
with that fake tweet from the associated press. the dow up 151. stand by for much more of the earnings from apple among others on the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks in rally mode once again. investors getting set for big earnings news after the close tonight from apple. take a look at how we're settling out on the street today, and by the way, it was quite an exciting day today for the market. the dow up 150 points, finishing at the high of the afternoon, finishing at 14,718 on the industrial average. the s&p 500, also picking up 16 points on the session. better than 1% to 1,578. the nasdaq composite, up 16 points. but all was not well throughout the day. it was a fake tweet that shook the market before the close today. but rnearnings from apple are setting up to be a big story after the close as the earnings story continues. david tolisantoli, and our very own
CNBC
Apr 23, 2013 5:00pm EDT
. afterhours action. the apple conference call is kicking off right now. rise of the machines. it was the hack heard around the market after someone posted a fake tweet from the associated press. how can you protect yourself against fake flash crashes? and the friendly skies? the dreamliner finally helped boeing investors sleep at night. we're tackling the post game analysis. let's get straight to the afterhours action in apple. shares resuming trade just about ten minutes ago. it is higher on the back of the earnings release. what is the latest here? >> well, i think expectations are finally low enough. call hasn't started yet. we're still listening to classical music. here's what we know so far. apple beat on the top line, $3.4 million. that's about $600 million over their range. guide anls a little disappointing, $34.5 billion. they're guiding to 36, 37% gross margins. but maybe the bigger story overall, returning cash. this did hike the dividend. they did increase the allot. . they did say that they're going to borrow money to help them manage cash in the future. symbol icalically that's a
CNBC
Apr 22, 2013 3:00pm EDT
. >> big reversal. big reversal on apple certainly. the much anticipated earnings report expected tomorrow. after the break we're going to find out exactly what to expect from apple. plus, we'll debate why the stock is having such a tough time lately dropping below 400 just last week. >>> then the faa warning about long airport delays because of government budget cuts. but in addition to grounding your travel plans, the cuts could also prevent your portfolio from taking flight which we will look at coming up. >>> don't miss my exclusive interview coming up with johnson & johnson ceo alex gorsky. that stock hitting an all-time high today. how he plans to push it even higher. that and a lot more coming up on the "closing bell," most important hour of the trading day right now. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official
CNBC
Apr 23, 2013 6:00am EDT
the show is that one, apple. the tech giant expected to post earnings of $10.01 per share. folks, that would be a 19% drop year over year, the first expected drop in more than a decade. now, revenue is seen rising 8% to 42.3 billion. he here as always is going to be iphone sales. the main driver of apple revenue, we're going to speak with analysts all morning to get their perspective on the name. but what is your take, america? log in to facebook and vote in our arm chair analyst poll. will apple tonight meet, beat or miss estimates? as for the economy, here is today's calendar. >> how is the crowd sourcing experiment gone so far? i haven't looked at the results. >> the results for coming. >>? >> i can't even log in to the borrowing page. >> they've gotten some decent numbers that have come this. i think there are 1500 or 1700 -- >> but are they better -- >> they're good at it, but i think we have made the mistake of picking from predictable companies. that's why we started picking some trickier companies like apple. that's the one that's up in the air. nobody knows exactly what'
CNBC
Apr 23, 2013 9:00am EDT
for the company. is it too late to buy the stock. >> we're counting down to apple's earnings report and that will be after the close. the shares over the $400 mark. one way or the other. >> luxury not dead, at least not according to coach and we'll dig deeper into those numbers. >> u.s. airways and delta beating those numbers. >> not quite as sanguine. we'll take a look at the airline sector and talk about travel turbulence a bit, as well. >> definitely not comericcal. >> for the first time since september 2011. the video streaming service posted quarterly earnings of 31 cents and well above estimates and said it added 2 million streaming subscribers in the u.s. helped by "house of cards." people, jim, this morning are saying netflix became hbo faster than hbo could become netflix. >> 30 million. internationally you got more than 30 million. i don't think people realize how non-promotional will this conference call was. it really was. they said, listen, the reason why we did well is -- no, it's a combination of things. we didn't lose people after we made the change. people do like "
CNBC
Apr 17, 2013 5:00pm EDT
. here's one. apple was down closing a new 52-week low. this is a name that has by f bifurcated from the market. in a week we're going to get massive earnings from google, ibm tonight. these are cyclical names so they're not setting up that well right now. so, you know, i think you have to avoid some of these things. especially a name like google that saw heavy inflows from all this apple weakness. if you don't think people will have their eyes there, you have to be careful. >> gold got no bid whatsoever. it was higher earlier in the session. turned and finished the day up by just a touch. what do you make of that? >> and volatility came out of that. to feed off what these gentlemen said and they're right, especially with energy, i think if you see margin selling like we saw in gold and you see that in oil which we haven't seen as aggressively. not nearly as aggressively as we have in gold. that could put a lot of the drillers off pretty significantly. i was seeing people, big institutions, pull back from esv, diamond offshore, drill, sdrl. i was seeing them pull back from those dram
CNBC
Apr 23, 2013 6:00pm EDT
stock can rally. even slightly or convincingly. which is what happened with apple tonight. and what's been happening with this market for most of 2013. with today being still one more day that the market put on a terrific better than expected show, the dow rallying 152 points, s&p rose 0.14%, nasdaq gaining 11%. >> tuesday is up day around here, 15. straight. i can give you the basics on this apple. apple earned $10.09 versus the $10 people expected. the dividend has been boosted nicely, 15% or that the company boosted the buyback from $10 billion to $60 billion and expect the buyback to be complete by next year. apple tends to use its balance sheet to borrow, help by the stock. it seems silly with $144 billion in cash but remember, a lot of it is overseas, so frankly, as far as i'm concerned, it's good. but here's what really matters. just as apple was totally loved at the top, it was scored at the bottom. and that's pretty much a microcosm of so many other stocks, whether it be yum, k can fc, which respected reported a good number tonight after merrill lynch cut the stock to a sel
CNBC
Apr 18, 2013 4:00am EDT
concerns. shares of apple suppliers tumbled. >>> and voting on the next italian president gets under way in rome with berlusconi and bersani apparently backing the same candidate. rifts in the upper left could jeopardize the process. >>> and we're live in moscow amid rumors of division in the kremlin. we'll speak with the former president of the czech republic in the next 15 minutes. >>> welcome to "worldwide exchange" this morning. plenty going on in the program. we also want to draw your attention first and foremost to the continuing issues across the commodity complex, one where gold has gotten the lion's share of attention. but others, whether it's industrial metales and crude are participating today. a rebound shaping up, but not the case for copper, dr. copper down better than 1%, 1.2%, in fact. and that is spurring a sell-off in the shares of a lot of the minors. new crest among those heavily to the downside in some cases. fortescue down nearly 8%. rio and bhp have recovered a little bit as we move through the trading session. and it's not just the big names, two smaller names wer
CNBC
Apr 18, 2013 9:00am EDT
'll look at whether another triple digit move on the dow today could play out. >>> apple dipped below $400 a share yesterday. closed above that. this morning verizon reporting strong activations for the iphone for the last quarter. will that help this stock that's been in free fall? >>> pepsi beating expectations this morning. jim has an interview with the ceo. >>> paypal under pressure this morning, facing increased competition from amazon and others. we'll break down numbers and talk exclusive to john donahoe, ebay's ceo coming up. >>> futures on the rise after yesterday's drop of 138 points in the dow which is now posted three consecutive days of triple digit moves, including the big sell-off, 266 on monday an tuesday's rebound. just two weeks ago the s&p came within two points of 1,600. leads us to sort of a broad discussion of where we are in corporate earnings. i see two-thirds have beaten on the top line. less than half beating -- actually less than half beating on revenue. two-thirds beating on earnings. >> carl, the market is so short-term oriented, we had a couple bad ones yester
CNBC
Apr 17, 2013 9:00am EDT
for marisa meyer. >> no! >> also ahead an exclusive with the co-founder of cisco system, sandy learner. apple is about to test the bear market low. a lot more "squawk on the street" from post 9 when we return. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz through and through. the 2013 c-class. starting at $35,350. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. >> some popular google apps experiencing service disruptions this morning. the problems apparently center on three popular google apps, gmail, goog
CNBC
Apr 17, 2013 12:00pm EDT
by 1.5 and nearly 2%. they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in gold, and miners, that we'll be talking about. is it overdone? jenna godfrey will join us. bank on morgan stanley. bankers aric thatting a beating after bank of america's weak report. will morgan stanley post better results? two of our traders debate. >>> first, the top story. the sell-off returns. energy, technology, financials, industrials leading the declines. consumer staples doing poorly as well, and theoretically they should be a defensive sector. what is the way to navigate the massive moves this week? good thing we brought our trader to guide you through
CNBC
Apr 16, 2013 12:00pm EDT
is not available on ios yet, but the announcement today will bring one of the primary features of home to apple ios users called chatheads. they do say they are working with apple to bring a full version of home to apple devices. so more work for facebook in the mobile space, but they are clearly pushing to make home available to many more people. michelle, back over to you. >> can i boil this down simply, if i have this phone with this particular software, i can do the equivalent of facetime, that's the idea? >> well, no. there's a new system called facebook home. if you have a certain android phones, htc phones or samsung phones down the line, you can download facebook home. a new type of app integrated into android software to take over the home page of your phone. when you open your phone and see all your apps, you see their friends and photos. one of the main features of home is called chatheads. basically it will allow you to chat with your friends and a little picture of their head pops up and you can chat with them, but not just in one chat app, but you can basically chat with your friends
CNBC
Apr 23, 2013 12:00pm EDT
of the hottest shorts of the year -- the yen and apple. john taylor sticks around to tell us if you can make money betting against the yen and an investor says apple is a double from here. we'll focus on the stock after the bell tonight. plus, netflix soaring after earnings beat shares up 20% today. it's still way down b from the glory days. where to next? two top analysts debate netflix's future when we come back. >>> welcome back to the halftime report. i'm josh lip ton. coach delivering the goods. reporting better than expected third quarter earnings and revenues. ramping up is a lifestyle brand expanding beyond bags into clothing and shoes. stock off the early morning highs but up 11% now. scott? >> josh, thanks so much. shocker, surprise, believer? >> the penalty for being short a stock and i wasn't short coach. >> you didn't like it. >> i still think it is a brand on its heels and michael kors is taking share, but the way it acts with the underlying fundamentals are two things. you mentioned cat. you believe the ceo now? if you believe in the last four quarters you're down 20%. he's mi
CNBC
Apr 23, 2013 4:00am EDT
. >>> earnings come in pretty mixed. michelin and kpm disappointing. and a bruised apple gets set to report much anticipated second quarter results later today. analysts are expecting profits to shrink for the first time in a decade. >>> plus, more details emerging about the suspect in the boston bombing as the u.s. charges him with federal crimes that could carry the death penalty. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> welcome to "worldwide exchange." ross westgate will rejoin us in a couple of days' time. in the meantime, plenty to get through on the program today starting off with the flash pmi data for the eurozone. both the manufacturing and service sectors being closely watched for just how much momentum if any was carrying into the second quarter. you can see the euro/dollar down 0.6%. let's get more from chris williamson. chris, welcome. it looks as though the tone generally speaking here for april across manufacturing and services is pretty weak. >> yes. and one of the big worries is that germany has been back into contr
CNBC
Apr 18, 2013 3:00pm EDT
, michelle. >> apple going from bad to worse, bill. it could close before $400 today. it would have to do pretty big intraday turnaround in the last hour, if it was going to do that. we are going -- if it were going to reverse that. we'll keep an eye on that and have reports throughout this hour just on exactly where apple closes. >> but in the meantime, what a volatile week we have had. let's just remind everybody of what has happened, just this week. 265-point decline on monday, with all the events that were occurring in boston that day. a comeback day on tuesday, when the market gained 150 points. yesterday, a herky-jerky day with all kinds of back and forth news coming out of boston, do they have a suspect or not. whatever. that day, we finished down 138 points. and now today, the economic data seems to be seeping into the story as well with the jobless claims a little higher than anticipated. we're down 109 points and a decline of 2.4% for the week so far. bob pisani, how are things shaping up right now? >> a very delicate moment. two days this week, 90% of the volume to the downside
CNBC
Apr 18, 2013 5:00pm EDT
a little bit. google, of course, was down hard today, down $16, i believe, apple was down hard, a new low since 2011. and then after hours, we've had some bits of good news here and there. google, of course, came out with those earnings that you spoke of. we hit a high of just shy of $800. $796 and change, and on the lows, it was $760. that's pretty big. people are trying to digest exactly how close to the yahoo numbers these guys got on the pay per click and all that sort of thing. at yahoo, by the way, that was down 7%. >> right. he said in terms of the market action and the s&p 500 in the weeks after ibm, ibm was really the determinant in terms of the action. >> well, and the ibm, the revenue miss to me is what's so glaring in terms of ibm. there's a lot of noise somewhere else. but i haven't seen ibm miss on the revenue side. to me, it's a significant miss. again, if you were waiting for ibm to bail out the s&p tomorrow, you might have to look for something else. to me, google is its own animal. ibm specifically given the move we've had now, given the afterhours move in terms of the s
CNBC
Apr 23, 2013 3:00pm EDT
. the other big story, of course, behind this rally in stocks, is apple's earnings. we are awaiting its on deck, after the close tonight. could the numbers be the catalyst for returning things around for this beaten down stock, from coming down from below 700 to below 400. full team coverage on the apple results. >> one stock making a comeback today, following better than expected earnings, coach. chairman and ceo lew frankfort will be here to talk about that coming up in a few minutes. >> and a nice recovery today, but this stock is really coming from a huge sell-off. take a look at this chart here. and that really explains what went on very clearly, just at about 1:00 p.m., 1:15 eastern time or so, the market plummets on that erroneous report when the ap twitter account was hacked and bounces and comes all the way back when it becomes clear that it was, in fact, erroneous and the account was hacked. take a look at the dow, now up 1245 points. what's behind this rally? bob pisani in the middle of the action. there's the nasdaq up 30 points with technology seeing the same chart pattern
CNBC
Apr 18, 2013 1:00pm EDT
. apple below $400 a share. we have what you need to know if you hold that stock. til tyler is on vacation. we will join simon hobs in just a few moments. first we go to boston. there has been a big break in the hunt for the boston marathon bombers. new video of a man seen dropping a bag at the site of the bombings. the president is in boston at this hour to mourn with the victims of monday's tragedy. we are live with the very latest developments. scott? >> hello, sue. first we'll start with the memorial service which was entitled healing our city. it ran about an hour and 15 minutes. and president obama who spoke for about 10 minutes or so in a speech that was part sermon and also intended to inspire the city. >> i'm here today on behalf of the american people with a simple message. every one of us has been touched by this attack on your beloved city. every one of us stands with you. after all it's our beloved city, too. boston may be your hometown, but we claim it, too. >> at this hour the president is still in boston meeting with volunteers and all the while that this was going on, the
CNBC
Apr 17, 2013 4:00pm EDT
apple broke below $400 a share, and s&p 500 down 1.44% at 1,551, michelle. >> here's what we know about investigation in boston right now. video shows someone setting down a bag. authorities have said, quote, they have solid leads, but no arrest has been made yet. the boston federal courthouse has been evacuated due to an unrelated bomb scare. expecting a joint news conference from boston at 5:00 p.m. you'll see it live here on cnbc, to bring you the very latest. >> in the meantime, as law enforcement officials get set for that news conference at the top of the hour, amid premature reports that an arrest had been made in the marathon bombing, scott cohn is in boston with the very latest details for us. scott? >> good afternoon, bill. let's first get you up to date on the situation at the federal courthouse, which is about two miles from here. as you said, there was a bomb threat an hour or so ago, unrelated to the situation at the bottom marathon and the attacks there. our producer on the scene says that he has seen fire trucks enter the area, firefighters go into the building, agents w
CNBC
Apr 22, 2013 12:00pm EDT
beaten down and battered? can apple's looming earnings save the day? why is big money standing by gold and why should you? but first, the make it or break it week for the markets. stocks posting their worst week in some five months. lots on the table over the next several days including the busiest earnings stretch with several big names reporting their results. we're trading it all with jon najarian, joe terranova, stephanie link and simon baker. joe, coming off an interesting week for the market, given the happenings in boston and elsewhere, what now? >> i think right now, tough look at the marketplace as being in a trading range. and 1,530 on the downside is your support area. last week on the break below 1,570 was your cue to move. reduce allocations. right now, the places i want to be are in the financials, the consumer discretionary, they're in the consumer staples. they're not performing well today. so i shall wait until tomorrow or wednesday to see if we see stabilization in those sectors. that's where i want to focus. >> still the place to be, the u.s., in the market right now
CNBC
Apr 22, 2013 9:00am EDT
, the ceo cites signs of stability. >>> apple, just a day after it's set to report results. reports swirling about a possible iphone 5s delay if production. >>> did your flight get delayed this weekend? maybe you should blame it on the furloughs. headlines from the sequester continuing to bite business travellers and airlines alike. >> the markets coming off their worst week in five months and it wasn't that long ago we were on the verge of hitting s&p 1600. what do investors expect going forward? tobias levkovich joans us at post 9. welcome. always good to see you. >> good to be here. >> coming on a day when you have "barron's" over theec wooend and their poll and we laughed about it a little bit. dow 16,000 by the middle of next year. they're talking s&p 1682 and people want to read that this morning as a danger sign. >> i would be a little bit careful. if you look at how they've been with the market they've been somewhat cautious and very u.s. oriented. even cyclicals like retailers will be u.s. oriented and not the global cyclicals. i don't think people have bought into this. we see cash
CNBC
Apr 18, 2013 12:00pm EDT
%. apple's getting cored. $400 in the rear-view mirror. where can the apple bulls find bottom? we'll trade the fallout in what was america's most loved stock. >>> chipotle, is it overcooked? two traders will debate it ahead of the earnings out tonight. >>> first, the top story, google ibm and microsoft, a tech trifecta, perhaps the entire earning season lies with these three companies tonight are. they going to deliver? our traders, stephanie, mike, john, jerry and josh are here to debate. first, john has a preview. >> no pressure. there are a few things making me skiddish about this afternoon's report. particularly on the revenue side, we'll take microsoft first. the overall pc market took a dive down 14% in the first quarter. that won't help microsoft revenue. investors need the business division and server and tools division to have solid performances, but intel said data business rose 7.5%, less than some hoped. and oracle missed their revenue, it is worth questioning whether business spending is actually holding up. google analysts expect the core business revenues to hold up well, bu
CNBC
Apr 17, 2013 1:00pm EDT
it for us. >> we have breaking news in washington, boston and apple falling below $400. ty is off. >> the markets are really taking it on a chin. take a look at the nasdaq really getting beaten up. just above 400 bucks a share. before we dive into that, let's get right to amonday jabbers on capital hill. >> they have given the all clear from the suspicious package incident incidents. they have that office and that hall way closed down for a little while. they had that area closed off and gave an alert to staffers not to go there. a granular substance that tested positive for rice and also down at the white house they have confirmed that they received a letter at the white house mail processing facilities. >> there was a letter sent to addressed to the president that at a off site mail facility. it was noted to have contained a suspicious substance and tests were undertaken. the fbi has a lead in that investigation, of course. and has said in its statement that they will be conducting further tests to determine what the nature of the substance is. >> the guys tell me they are still
CNBC
Apr 22, 2013 4:00pm EDT
're keeping a close eye on. apple after the bell tomorrow night. can't afford to miss that. stay with us. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." welcome >>> welcome back. texas instruments earnings are back. jon fortt breaking down the numbers. >> rushing through them now, maria. looks good for texas instruments both in the current numbers and on the guidance. wall street was looking for 2.85 billion in revenue. texas instruments comes back with 2.89. eps expected was 30. they deliver 32. then on the guidance, wall street wanted 30 -- sorry. $3 billion in revenue for this current quarter. the midpoint ti is guiding to is 3.05. also wall street wanted 38 cents in eps. the midpoint is guiding to 41 cents. it appears th
CNBC
Apr 17, 2013 11:00pm EDT
-- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slash here. what have they used? i've been looking at what they've been saying. they've used machetes to cut numbers. chainsaws to cut numbers. they've used ginsu knives to cut numbers. scalpels, k bars, bowies, meat axes, guillotines, even chippers, shredders to cut numbers! and they're still not low enough. they're still not deep enough to keep anyone from still going even lower as you forecast. you would think apple's going to report a loss, for heaven's sake, especially after watching the sickening slide of apple supplier cirrus logic today after it's said there's been a lack of demand from a key customer. who could that be? a name. the other night i joked that apple's becoming the jcpenney of the tech companies. while i meant it to
CNBC
Apr 22, 2013 4:00am EDT
are pricing for a chinese slowdown. >>> and apple stocks continue to tumble ahead of the earnings report tomorrow. we'll get you the latest action from new york as investors brace for more volatility. >> george napolitano is expected to tell lawmakers today how he intends to end the political stalemate and form a new government. this after the 87-year-old was re-elected for an unprecedented second term on saturday after politicians failed to agree on another candidate. he is expected to form a bipartisan cabinet. he's thought not to favor or relish the idea of fresh elections. still, his re-election has been met with anger by some including beppe grillo blasting it as a traditional party trying to hang on to power. >> they have chosen, again, a president instead who is able to guarantee the judicial power of this country in order to save berlusconi's [ bleep ] and save the left [ bleep ] with regard to the monte depasco scandal. >> politicians have been urged to finally form a government or risk a long recession in the country. georgeo said italy is not belgium and needs a government. go
CNBC
Apr 22, 2013 5:00pm EDT
its composure. apple taking their position less than 24 hours before the iphone company releases its position. >> and the case for ibm even though the stock is under pressure. we're tackling the post game analysis set up for tomorrow. first let's get to big movers. that is shares of netflix. huge pop. now 25%. we are live from la with the latest on this. julia? >> reporter: 25% higher after hours and guided higher than expected. the company reported stronger than expected addition of 3 million streaming subscribers. guidance for the current quarter also beat projections, but the range is incredibly wide. but perhaps most important, netflix's investment in original content seems to be paying off. house of cards had a high level of engagement, adding that it's able to target the right audience in a cost effective and efficient way. the second original series was viewed by more members globally in its first weekend than house of cards was. >> i think they have another quarter of this and then i think if they continue to do this in the september and december quarters, i throw in the towe
CNBC
Apr 22, 2013 1:00pm EDT
. and another bite out of apple. key questions about the future of this company that many thought was invincible. and another, a sudden big move for the stock of google before self-correcting. that was the company involved here. what happened and how you can get hurt. first to sue. >> hi. welcome back. we missed you. great to have you back here. we start power lunch with a manpower problem at the nation's airports. politicians are not rising above and neither are many of the air travelers out there. we begin with hampton pierceon. >> here at reagan national, the number of flights being delayed has been increasing throughout the day. a snapshot looking at the schedule board shows 30 minutes to one hour delays. delays due to furloughs of controller controllers business and leez travelers we talk to today think the government ought to have come up with a better solution. r. >> i think they should have more air traffic controllers because it helps with our safety. >> i have tsa approved. i travel constantly. >> the major airlines is suing the the. >> in the meantime for travelers over the next six m
CNBC
Apr 22, 2013 6:00am EDT
way to say this, companies unfortunately are cutting their way to earnings success. >> apple reports after the close tomorrow. it's expected apple to report a nearly 8el% jump in revenue. that would be the weakest for the company in years. shares below 400 bucks for the first time since december 2011 on friday. it has shed nearly 300 billion in market value since peaking at just above 705 a share in september. and it is, if you're asked to a cocktail party what the biggest company in the world is, it's not apple any wore. >> it changed last week spp. >> it switched to exxon mobil. in fact, if you look at the ochgzs market, options pricing on friday suggesting a post earnings move of about 7.5% by april 26th. which is this friday. the key, of course, is 7.5% which way? >> that is very true. >> that's a 15-point swing. >> let's get you through some of the other issues this morning. boeing is beginning to fix grounded dream liners, installing reinforced lithium ion batteries. they're finally here. the company started today with five jets owned by nippon airways. it should make the first
CNBC
Apr 21, 2013 7:30pm EDT
. is apple losing its shine? the tech bellwether dipped below $400 a share this week. seven months after hitting a record high of above $700 a share. concerns that product sales will not be keeping up with a possible glut of inventory there. exxon mobile surpassed apple as the most valuable company. sea world made a splash. the company began trading friday. with an ipo of, priced at $27 a share. the deal raised some $700 million. >>> austerity persisting in britain and europe despite forecasts of downgrade growth in the uk and recession in single currency euro zone. from the spring meetings of the imf and world bang. -- imf and world bank. part of the conversation this week. >> it has vastly different social security systems, health care systems, pension systems. if europe wants to move to common funding of the systems, a fiscal union, then they need to harmonize the systems way before they can move to a fiscal union. if you are talking about a common fiscal policy orifice cal u -- or fiscal union, they are way off. >> what is your opinion of how the banks look, will they sell assets, an
CNBC
Apr 23, 2013 1:00pm EDT
of the super bowl of quarterly reports. apple releasing numbers after the bell today, the stock, which has taken a beating recently now traiting above $400. not by much, but they'll take it. investors may be coming back, but what do consumers this i? that story next when pow per continues. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ >>> all right. the market's kind of fallen apart. it's whipsawed all the way back up. so take a look at the right-hand side. we saw the dow jones industrial average go from a garch of 135 points to negative 12 in under a minute and a half. this is all sorts of rumors, and we'll follow those up. the market has bounced way back up again, but the volume tim in this market just in the last five minutes was unbelievable. they were running around down here, tryi
CNBC
Apr 23, 2013 7:00pm EDT
with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after this. >>> it's hard to hit home runs all of the time. is that part apple's problem? >> i don't know if it's a problem, larry. tim cook did say we've got some cool new stuff coming in the fall and in 2014. that might have been what triggered an after hours selloff. some people interpreted that to mean we don't have new stuff coming in the summer. but will he he also talked about new product categories the team is working on. yes, apple has been coming out with a lot of new stuff over the past couple years, but historically, they have taken longer between some major launches. between the ipod and the iphone, there was about six years where apple was mostly doing software iterations. >> john fort, thank you very much, we
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Apr 18, 2013 6:00am EDT
to keep an eye on apple shares today. it dropped below $400 yesterday or the first time in 16 months. the decline came after a chip suppliers forecast led them to start worrying about weakening demand for the iphone and ipad. joining us is gene munster. gene, by the way, also covers google and google will be reporting after the bell tonight. gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs d
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Apr 16, 2013 1:00pm EDT
that shows that amazon is stealing market share from apple in the music download market with amazon mp 3 having 22% of the market, partly due to the new products that amazon has rolled out, including the kindal tab lett, which now consumers are using to buy music off of apple itunes still the top player with 63% of the market in the fourth quarter of 2012. tech earnings very much in focus. for all yaw high, eyes on the display. analyst focusing if on who will take over after the current ceo steps down. showing some grin after morgan stanley wrote after a lake lust irwindows they launched the gap between sentiments and fundamentals looks as wide as ever. so that's one stock on the move to the up side. back over to, simon and sue. >> thank you very much. seema. let's get over to chicago, rick, can we confirm across asset classes this optimism that bob pisani sees from stocks? i guess there are things going on that would be positive. sometimes it accident. leverage in positions are nasty things. if you look as a two-day start of rates, they're reversing a bit. opening the chart up to decent
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Apr 16, 2013 4:00pm EDT
's apples to apples. you've got "x" items on the 34 cents. but let me dig deeper into that. in terms of the revenue numbers, paul, what's your take there? you've got 1.07 billion in revenue for the first quarter. is that what you were looking for? >> yeah, that's about right. maybe a very, very slight miss. maria, my problem with this company is, even though the company has done particularly well, stabilizing the business under the ceo mayor, you have a company that's expected to continue to grow about 2% per annum and it's trading at 20 times earnings. and so the pop that we've seen in the stock over the last 12 months, it's up 60% versus 12% for the s&p 500, i think the pop has already been had. >> so, basically, you feel that the valuation has become extended. you want to sell yahoo! here at 23.80? >> i probably would. maria, remember back in the late '90s, we were on a television show together called market week. and that was back in '99. and we used to talk a lot about yahoo! back then. the problem with the story is, that was its final hour. now we're four, ten years later. it's
CNBC
Apr 17, 2013 3:00pm EDT
a look at some sectors we've seen here. technology, a tough day, apple's been down, finance has been down, because bank of america has been down. so it's not just the commodity story here as well, some disappointments on the bank earnings, energy, industrials, materials also on the weak side. commodity countries, and this is another way you can look at this, there's peru, brazil, canada, australia, south africa, these are all exchange-traded funds you can buy, all down about 2% on the day. finally, guys, the thing that's worrying me, we've been in an up trend all year. now for two days, monday and today, we have had big down days with big volume, 90% of the volume to the downside, those are very big days, when you see that kind of thing happen, and some people are now starting to wonder whether we have a trend reversal on. instead of an up trend in the market, in fact, that's not happening anymore. that's the big debate going on down here. >> when you look at that chart you just showed, bob, it certainly raises the question. thank you. >> you bet. >>> about 12 minutes before the closing b
CNBC
Apr 18, 2013 7:00pm EDT
because i wanted to talk to you about technology in particular, and the fall in apple and the fact that everybody is saying that the technology market per se is really going to struggle without the leadership of a. do you think that that's correct, or has the market factored in the fact that maybe apple is just turning a bit you? know, longer term it may be fine, but it's time had come for a retrenchment. >> well, i think the markets have taken that into account somewhat, but i will plug my show "futures now." >> absolutely. >> talking about that subject today and one of the traders and strategists today saying they thought the technology markets, the nasdaq, could continue to go lower. you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he
CNBC
Apr 22, 2013 6:00pm EDT
? all right, let's say apple's report is better than the posting numbers on a lot of websites but beats what is the high man, some call at this time whisper, the high man the analyst with the high estimates on the street. that, people, will always cause a raising of numbers for the rest of the year by everyone or if it is the end of the year for the numbers in the year after it. i use that increase in earnings per share, the ones that they bump it, okay, to figure out several things. first, i try to figure out the increases from real business, actual sales, do they do better? not just accounting changes. the latter fools a lot of people. to do what i like to do, i look at the revenue shares. why is that important in the because they can produce more, gain more customers either at the expense of others, execution, they're making a better job. they're doing a better company. they're working harder. they're working it better. but a company can easily change the earnings, not the sales line, but the earning, simply changes the denom ter, the in of shares, revenue growth, particularly the ho
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Apr 18, 2013 4:00pm EDT
today, off the lows, down 79 points. the nasdaq, once again, hardest hit, down 1.2%. a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist." everybody's in the water, so we can just jump in. heather, what do you make from the markets this week? what's the message from this very volatile market in your view? >> well, the markets have picked up volatility. before last week, the vix volatility measure was at all-time lows, since 2007. that, of course, has increased, but it will be interesting when we get these earnings numbers coming out now. of course, corporate profits, that's key. it seems like it's coming from revenue minus costs, we're cutting cost sides of the equation, not necessarily revenue and topl
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Apr 21, 2013 8:00pm EDT
the future. >> i think it's a huge part of the future. >> is facebook developing a phone device, like apple did iphone? >> no. we're working on building software that can be used on all phones. >> their latest product is messages, which combines email, cell phone texting, and instant messages into one. they call it the ultimate switchboard. so do you think email will become obsolete? no. >> i'm not sure. but what we've found is that more people are using messages-- are moving away from email. and so if we build a really compelling experience, i think people are going to switch over. but i'm not going to call the end of anything. >> was this directed at gmail? >> no. >> google's email? >> no. >> because everybody's talking about a gmail killer. >> it's certainly what everyone's writing about. >> google... >> yes. >> facebook and google. >> yes. >> are they on a collision course? >> they are indeed. >> the fight's over what? it's over how-- >> search. how people find, discovery, search. >> say you want to buy a car. you can type "prius" on google and get publicly available information. or you
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Apr 19, 2013 5:00pm EDT
of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney, thank you. watertown, massachusetts, is where the manhunt took place today. we're joined now by mike driscoll. mike, thank you for calling in. what can you tell us about the region right now? >> well, again, as everything, we're still in a shelter in place. they did that earlier this morning, on or about, a little before 5:00, the decision was made to, number one priority is the safety of our residents and the residents of the commonwealth. >> at this point, we know that the area is in lockdown mode. the faa, saying there is a no fly zone over watertown. we know that amtrak has been suspended indefinitely. so, do we know for sur
CNBC
Apr 16, 2013 9:00am EDT
they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> let's hop over to the cme. rick santelli is talking gold. >> you know, a couple of months ago we were talking about the notion of gold become securitized. it was much more of a paper trait than a real commodity trade. and this makes s
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Apr 15, 2013 11:00pm EDT
, jim. >> hey, rob. >> caller: this is an apple-banana boo-yah. >> okay. >> caller: from the big island. >> oh. oh, mahalo. >> caller: and it is the best one of them all. >> i agree with that. >> caller: now, i have a stock call called mcal. >> oh, you are playing that. well, they are sensitive to the problems in china, and these companies are very good, but people feel that china is slowing down, and i don't want to commit anymore money to mpel, because i have the see the chinese stabilize before people should own the casino stocks. that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightning round is sponsored by td ameritrade. coming up, crude behavior. oil's been on the decline in 2013. and while it makes for a refreshing sign at the gas station, some energy stocks are finding themselves in a slippery situation. could the slide continue? cramer sits down with the ceo of energy 21. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct sh
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Apr 16, 2013 6:00pm EDT
is a household name and should be scooped up by mike soft or apple. probably won't happen. but in the interim, the stock is fine. jeff in california. jeff. >> caller: hi, cramer. how are you doing today? i was curious about the real estate market, why it's going up and down so much. if it would be a good time to buy home depot and if i was to buy home depot, what price should i be looking at to purchase the stock. >> frankly, a miracle man, the company doing great. but charitable trust scored back home depot. told the people who described to actionalertsplus.com we were booking profit here. can't tell you to take the stock we're selling. >> it takes two, baby. coca-cola and j & j were the dynamic duo that took this market up. "mad money" will be right back. >>> coming up, blight or bright? gold hasn't been glittering lately. as a deep slide has brought about its worst prop since 1980. but has all the selling created an opportunity? cramer shines a light on the subject in tonight's edition of "off the charts." and later, i.p., oh my. there are some heavy hitting newcomers making their wall str
CNBC
Apr 16, 2013 6:00am EDT
, supposedly. >> it's interesting, that's the same thing people said about the shares of apple when they were selling off, that you had to sell your winners to pay for other stuff. >> if you need liquidity, you go where -- >> i think it's more japan than cyprus, don't you think? >> it's more dependent on cyprus? >> no. more japan than cyprus. >> there were rumors that cyprus was selling gold. >> i saw those rumors. >> to get it started, there were so many -- and it was pointed out yesterday, i think i was reading something from peter chip, who loves gold, that when it went up to a thousand or 1200, maybe that was all fundamentally true. but then once it went up to 1200, but then once all the investment guys that were having trouble getting returned in equities, once they saw that there was momentum there, all kinds of investment money went into it to try to chase return. >> but he was saying 1200 is fundamental? that's still down a couple hundred from where it is now. >> there were people saying 1260 people last week saying 800 or 900. >> so does bid coin track gold? >> apparently. apparently
CNBC
Apr 17, 2013 6:00am EDT
the tablet market, aren't they? who is there first? >> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really focused more on ultrabooks and sliders where you can actually slide the top display and flip it over and it turns into a tablet. >> they are expensive and haeav, right? >> some ultrabooks will be priced at 499 this year. that's a new low price point for them. >> the stuff with intel in that their bragging rights have to do with manufacturing process and how well they're doing there. is that a reason to buy the stock? when gross margins go up, i heard that you buy stock when margins are rising and sell it when they're going back down. are either one of those factors enough to o
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